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11111 Wilmington Ave, Los Angeles, CA 90059
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11111 Wilmington Ave Los Angeles, CA 90059

$725,000
  • -- Beds
  • -- Baths
  • 1,787 Sq.Ft.
For Sale
$725,000 Get Pre-Qualified
Map preview of 11111 Wilmington Ave, Los Angeles, CA 90059

Property Overview: 11111 Wilmington Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 1,787 living square feet and 6,501 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRICE REDUCTION! Great opportunity for owner/user! Mixed use property with two commercial retail units in front and a Single Family Residence towards the back of the property. Tenants are currently month to month. The recently remodeled barber shop is leased for $950/mo. The Single Family Residence is leased for $1,250/mo and is in need of cosmetic repairs but has the potential for an ADU. The restaurant is currently vacant and has been recently remodeled with all new restaurant equipment for a takeout style food service operation. The new owner could operate his fast food business from the facility or lease it turnkey to a restaurant owner. Per ZIMAS the lot is Tier 3 TOC which gives the property development potential for the future as the property is in close proximity to the necessary Transit resources enabling greater density if developing affordable residential housing. Motivated Seller! **Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**

Listed by Christopher Quintal | BRE #01127650 | Century City Realtors
Last checked: 3 minutes ago | Last updated: March 7th, 2024 | Source CRMLS | DOM: 255
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Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
23301275
City
Los Angeles
County
Los Angeles
Time on Site
261 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 11111 Wilmington Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Tar/Gravel
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 1
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 6069013017
Location / Neighborhood
Location Information
  • Directions: North of Imperial Hwy / 105 Freeway and South of Century Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 11111 Wilmington Ave

Last sold for $525,000 on August 6th, 2020

  • August, 2023

  • Aug 11, 2023

    Date

    Active

    CRMLS: 23301275

    $850,000

    Price

  • February, 2023

  • Feb 4, 2023

    Date

    Expired

    CRMLS: 22186185

    $849,999

    Price

  • Aug 5, 2022

    Date

    Active

    CRMLS: 22186185

    $999,999

    Price

  • Listing provided courtesy of CRMLS

    Calling all investors!! Great opportunity to own a mixed use property. Front has retail/restaurant spaces, and in the rear of the property there is a single family residence. Retail spaces are rented, barber shop and restaurant. Back house is 2bed/1bath with approximately 850 Sq ft. of living space. Rental income for all three units is $5800/monthly. Barber shop $950/monthly, Restaurant $2500/monthly, and rear house $2350/monthly. All tenants are month-to-month.

  • August, 2022

  • Aug 3, 2022

    Date

    Active

    CRMLS: 22186179

    $999,999

    Price

  • Listing provided courtesy of CRMLS

    Calling all investors!! Great opportunity to own a mixed use property. Two units in front, retail/restaurant, and single family residence in the rear of the property with potential to build ADU. Front retail space currently used as a barber shop and a restaurant which is a total of 937 Sqft. Back house is a 2bed/1bath which is approximately 850 Sqft.

  • August, 2020

  • Aug 6, 2020

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

  • March, 2020

  • Mar 6, 2020

    Date

    Canceled

    CRMLS: 20553478

    $599,000

    Price

  • Feb 12, 2020

    Date

    Active

    CRMLS: 20553478

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity knocks! Here is your chance to own a once-in-a-lifetime income generating, business potential, property! This property for sale includes a two bed/ one bath house, a barbershop, and a vacant restaurant space ready to lease. With almost 5 parking spots, and a garage, parking would not be an issue. Currently tenants occupy the house, the property does not fall under RSO. In addition to the house, there is also an operating barbershop "The Cut" a local neighborhood staple. And, next to the barbershop, is a readyto-lease restaurant space, which at one point was a chicken shop. Dreams can still come true in Los Angeles!

  • March, 2018

  • Mar 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $82,500

    Price

  • July, 2017

  • Jul 27, 2017

    Date

    Expired

    CRMLS: SR16163989

    $495,000

    Price

  • Jul 27, 2016

    Date

    Price Change

    CRMLS: SR16163989

    $495,000

    Price

  • Listing provided courtesy of CRMLS

    Mixed use multiple building property.It has 2 Bedroom,1 Bathroom house with 850 sqft living space.Monthly rent $1200. Also ,It has 2 retail space.Barber shop and Restaurant.Total retail space 937 sqft.Barber shop monthly rent $800 and Restaurant monthly rent $1300.On busy street.Next to school.Close to 110/105 Freeway.

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Tax History for 11111 Wilmington Ave

Assessed Value (2020): $416,160
Year Land Value Improved Value Assessed Value
2020 $291,312 $124,848 $416,160

Home Value Compared to the Market

This property vs the competition

11111 Wilmington Ave is listed 40.82% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $405.71 per/sqft which puts the price per square foot 47.58% lower than the median price per square foot for the city of Los Angeles.

About 11111 Wilmington Ave

Detailed summary of property

11111 Wilmington Ave is a mixed use located in Los Angeles, CA 90059 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly 1,787 living square feet, and sits on an approximately 6,501 square foot lot. 11111 Wilmington Ave was first listed on ArdentRealEstateGroup.com on August 16, 2023. The homeowner is currently asking $725,000 and was originally asking $850,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 40.82% lower than the median priced home. Local competing homes currently for sale include 889 E Vernon Ave, 1655 W Florence Ave and 3201 E Pico Blvd. While the average home in Los Angeles, CA is selling in 96 days, 11111 Wilmington Ave has a days on market of 255 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 11111 Wilmington Ave Los Angeles, CA 90059 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11111 Wilmington Ave

Public county record property details
Beds
2
Baths
1
Year built
1962
Sq. Ft.
1,787
Lot Size
6,501
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
42,43
APN
6069-013-017

The source for these homes facts are from public records.

90059 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$512
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$650
Total Inventory
45
Median Sale to List Price %
99.28%
Avg Days on Market
38
Loan Type
Conventional (11.11%), FHA (55.56%), VA (11.11%), Cash (0%), Other (22.22%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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